Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Neuberger Berman Group LLC

Neuberger Berman Group LLC boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 785,391 shares of the financial services provider's stock after acquiring an additional 66,685 shares during the quarter. Neuberger Berman Group LLC owned about 0.14% of Nasdaq worth $60,719,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NDAQ. Vanguard Group Inc. lifted its stake in shares of Nasdaq by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock valued at $4,064,682,000 after purchasing an additional 376,893 shares during the period. Geode Capital Management LLC increased its holdings in Nasdaq by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock valued at $849,783,000 after buying an additional 257,465 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock valued at $802,401,000 after acquiring an additional 1,225,672 shares during the period. Norges Bank purchased a new stake in shares of Nasdaq during the 4th quarter worth approximately $424,285,000. Finally, Invesco Ltd. grew its holdings in shares of Nasdaq by 40.3% in the 4th quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider's stock worth $301,680,000 after acquiring an additional 1,120,538 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

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Insider Activity

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares of the company's stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the sale, the executive vice president now owns 61,980 shares of the company's stock, valued at approximately $4,450,783.80. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock valued at $1,434,818 in the last three months. Corporate insiders own 0.70% of the company's stock.

Nasdaq Trading Up 0.8 %

NDAQ stock traded up $0.58 on Tuesday, hitting $73.36. 553,191 shares of the company were exchanged, compared to its average volume of 2,827,525. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market capitalization of $42.19 billion, a price-to-earnings ratio of 38.21, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The business's fifty day moving average is $76.60 and its two-hundred day moving average is $77.46.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. Nasdaq's dividend payout ratio (DPR) is 50.00%.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of research analyst reports. Bank of America boosted their target price on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Piper Sandler boosted their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. StockNews.com downgraded shares of Nasdaq from a "hold" rating to a "sell" rating in a report on Wednesday, April 9th. Oppenheimer reduced their price target on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.56.

Nasdaq Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.